JGWPT Prices IPO At $14 Per Share - Quick Facts

(RTTNews) - JGWPT Holdings Inc. (JGW) Friday announced the pricing of its initial public offering of 9,750,000 shares of Class A common stock at $14.00 per share.

The underwriters have a 30-day option to purchase up to an additional 1,462,500 shares of Class A common stock solely to cover over-allotments, if any.

JGWPT is expected to begin trading on the New York Stock Exchange on November 8 under the symbol "JGW."

Barclays Capital Inc., Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., Jefferies LLC, and Keefe, Bruyette & Woods, Inc. are acting as joint book-running managers.

JGWPT focuses on key sectors, including structured settlement payment purchasing, annuity payment purchasing, lottery payment purchasing and pre-settlement funding.